UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 20, 2005
TITANIUM METALS CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 0-28538 13-5630895
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1999 Broadway, Ste. 4300, Denver, Colorado 80202
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (303) 296-5600
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure.
The registrant hereby furnishes the information set forth in the attached
press release.
The information, including the exhibit, the registrant furnishes in this
report is not deemed "filed" for purposes of section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the liabilities of
that section. Registration statements or other documents filed with the
Securities and Exchange Commission shall not incorporate this information by
reference, except as otherwise expressly stated in such filing.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
Item No. Exhibit Index
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99.1 Press Release dated October 20, 2005 issued by the Registrant.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TITANIUM METALS CORPORATION
(Registrant)
/s/ Matthew O'Leary
Matthew O'Leary
Corporate Attorney and Assistant Secretary
Date: October 20, 2005
INDEX TO EXHIBITS
Exhibit No. Description
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99.1 Press Release dated October 20, 2005.
EXHIBIT 99.1
PRESS RELEASE
FOR IMMEDIATE RELEASE: CONTACT:
Titanium Metals Corporation Bruce P. Inglis
1999 Broadway, Suite 4300 Vice President - Finance
Denver, Colorado 80202 and Corporate Controller
(303) 296-5600
TIMET ANNOUNCES RETIREMENT OF CHAIRMAN, PRESIDENT AND
CHIEF EXECUTIVE OFFICER J. LANDIS MARTIN
DENVER, COLORADO . . . October 20, 2005 . . . Titanium Metals Corporation
("TIMET" or the "Company") (NYSE: TIE) announced today that its Chairman,
President and Chief Executive Officer, J. Landis Martin, has announced his
retirement from the Company effective November 15th. Mr. Martin has been CEO of
TIMET since 1995 and Chairman since 1987. The Company said that Robert
Musgraves, current Chief Operating Officer - North America and Christian
Leonhard, current Chief Operating Officer - Europe, will become co-Presidents
upon Martin's retirement.
Robert Musgraves has served as Chief Operating Officer - North America
since 2002. Mr. Musgraves previously served as Executive Vice President of TIMET
from 2000 to 2002 and as General Counsel from 1990 to 2002.
Christian Leonhard has served as Chief Operating Officer - Europe since
2002. Mr. Leonhard previously served as Executive Vice President - Operations of
TIMET from 2000 to 2002. Mr. Leonhard joined TIMET in 1988 as General Manager of
TIMET France, became President of TIMET Savoie S.A. in 1996 and President of
European Operations in 1997.
Harold C. Simmons, the controlling stockholder of TIMET and TIMET's parent
company Valhi, Inc., will become Chairman of the Board and Chief Executive
Officer. Steven L. Watson, President and Chief Executive Officer of Valhi, Inc.,
will become Vice Chairman of the Board.
Martin said, "I have had the good fortune of working with Bob and Christian
for over 15 years. As co-Presidents I have every confidence that they will be
well positioned to help TIMET take advantage of the many opportunities that it
currently has." Martin also said that following his retirement from TIMET he
plans to form a private equity firm to invest in middle and small market
industrial companies.
Simmons said, "Lanny has provided excellent leadership and guidance for
several of our businesses for a long period of time. In recent years, he and his
team at TIMET have positioned the business to continue to excel in the future.
We are very confident that the team leadership by Bob and Christian will serve
the Company well."
TIMET, headquartered in Denver, Colorado, is a leading worldwide producer
of titanium metal products. Information on TIMET is available on its website at
www.timet.com.
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